Wipro's MBOA MAC IP scheduled for release by early Q2, 2005

Bangalore, Jan 3, 2005: Wipro Technologies, the global IT services division of Wipro Limited (NYSE:WIT), today announced the availability of MBOA MAC IP by Q2 2005.

MBOA MAC enjoys the support of many industry players from the Consumer Electronics and PC industry and from industry bodies such as WiMedia, USB IF and 1394 TA. Wipro’s MBOA MAC is highly customizable and can be integrated into devices such as Set Top Boxes, Digital TVs etc.

Wipro has developed vast expertise in the standards-based silicon intellectual property domain, a fact underlined by several IPs that span technologies including WLAN, IEEE 1394 (hardware and software IPs), USB and Ethernet. As one of the largest Independent 3rd party design services providers in the World, Wipro’s 800+ member strong VLSI & System Design Group provides to its customers complete product engineering solutions in the VLSI domain, meeting critical time-to market demands of customers with design reliability, scalability and upgradeability. These include high end ASIC development, complex FPGA & Board designs, Turnkey System Designs and Core technology IP Blocks.

“We have a full portfolio of IEEE 802.11 IPs and the MBOA MAC IP further complements our Wireless IP portfolio. We will release the MBOA MAC IP to our customers soon. We are also fully committed to develop solutions around these IPs like Multimedia Distribution over Wireless, Wireless USB, Digital TV solutions etc” said A Vasudevan, Vice President, VLSI, Wipro Technologies.

Wipro Technologies is the world’s largest independent provider of embedded and product engineering services. The semiconductor IP group offers solutions in the areas of IEEE 1394, IEEE 802.11, USB and Ethernet.

About Wipro Limited
Wipro Limited is the first PCMM Level 5 and SEI CMMi Level 5 certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADRs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai and the National Stock Exchange, among others. More information is available at www.wipro.com

Forward-looking and cautionary statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, , liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

For further information, please visit our websites at www.wipro.com , www.wiprocorporate.com  & www.wipro.co.in